Pension Plan will be closed to new accruals from March 31: Tata Steel UK

Wednesday, March 8, 2017, 11:46 AM

Tata Steel UK said it would close its final salary pension scheme to accruals from March 31 as a step towards resolving the future of its British operations. The fate of Tata's British businesses, including the nation's largest steelworks at Port Talbot, has been in the air since Tata Steel said a year ago it planned to divest its British assets following heavy losses.